Top 10 Tips for Lowering Car Insurance Premiums Without Sacrificing Coverage

Most drivers would like to pay less for car insurance. At the same time, no one wants to sacrifice coverage or give up important protection. 

The good news is that there are ways to reduce premium costs without sacrificing coverage. Here are 10 tips on how to lower car insurance premiums. For a personalized quote, contact GoAuto Insurance. 

1. Shop Around for Car Insurance

One of the best things you can do to lower your insurance is to get multiple quotes. When it’s time to renew your policy, shop around and compare quotes. There are low-cost insurance companies that offer the coverage you need at competitive prices. Always shop around and compare quotes to make sure you’re getting the best deal. 

2. Be a Safe Driver

One of the best things you can do to lower car insurance rates is drive safely. Any time you get a speeding ticket or traffic violation, it can impact the cost of your coverage. Similarly, being in an accident can impact your premium. Prioritizing safe driving can reduce your insurance costs. 

3. Improve Your Credit Score

Interestingly, your insurance rates are often impacted by your credit score. This means that an excellent credit score means lower insurance costs. To help reduce your insurance costs, know your credit score and work on improving it. 

4. Consider Using a Safe-Driving Monitor

Some insurance companies offer driving monitors to track driving habits. These can usually be enabled with a smartphone app and are easy to use. 

Driving monitors track habits like speeding or slamming on the brakes. Insurance companies reward drivers who practice safe habits with lower rates. 

5. Ask About Discounts

Many insurance companies will offer discounts that reduce drivers’ premiums. Drivers should annually ask about any discounts that might apply to them. For example, most companies offer discounts for good grades or multiple cars.

• Good grades. If you need to insure a teen driver, ask about discounts for good grades. Companies regularly offer discounts for students who have good grades. 
• Multiple cars. If you need to insure multiple cars, ask about discounts for that. Many car insurance companies will offer discounts if you have insurance policies for multiple vehicles. 

Your insurance company might not let you know about these discounts, so it’s always a good idea to ask. 

6. Think About Insurance When Buying a Car 

The amount of your premium depends on the type of car that you drive. More expensive or high-performance cars are more expensive to insure. Additionally, features like high-tech items or custom trims can increase car insurance costs. 

When buying a car, drivers should keep insurance in mind. Ask your insurance company about factors that increase premiums. Keep those factors in mind when buying your car. 

7. Increase Your Deductible

One way to reduce your insurance premium without affecting coverage is to increase your deductible. When you do this, you’ll have to pay more out of pocket when you file a claim. That said, your premium will go down. If you’re comfortable with paying a higher deductible, this is a good way to save on your premium payments. 

8. Track the Mileage You Drive Every Year

Customers who drive fewer miles than the average customer can often receive discounted rates. Because of this, it’s helpful to know your annual mileage.  

Usually, low-mileage rates apply to drivers who drive less than 7,500 or 5,000 miles per year. Track your annual mileage and contact your insurance company to see if you qualify for low-mileage discounts. 

9. Take a Driving Class

Some insurance companies will offer discounts to drivers who take a driving course. For example, a 4-hour defensive driving class could lower your premium. Ask your insurance company about classes and whether they offer a course you could take. 

10. Review Your Policy 

Your car insurance coverage needs can change over time. That said, most people don’t regularly review their policy. It’s a good idea to review your policy annually to see if there are any changes you can make to reduce your premium. 

For example, if you’ve recently paid your car off, you could cancel gap insurance. Similarly, for older cars, you might not need as much collision or comprehensive coverage as you previously did. Annually reviewing your policy and discussing it with an insurance professional can help ensure you’re only paying for what you need. 

Talk With a Car Insurance Expert

If you’re interested in lowering your car insurance costs, it’s helpful to talk with a car insurance expert. At GoAuto Insurance, we work directly with customers to offer low-cost car insurance. 

We customize plans to give drivers exactly what they need and nothing more. Contact our team to learn more or to get a personalized quote.